Braemar Townhouse Report: November-December 2013
If you asked a person on the street about the year end real estate market, they would most likely think that the Braemar real estate market would slow down then. November is the start of the holiday season with Thanksgiving, followed by the festive December with Christmas, Hanukkah and New Year’s Eve. I’m here to tell you that is absolutely not true. In this edition of the Braemar Townhouse Report, focusing on the last two months of 2013, you will see why.
For starters, there were seven townhouses in Braemar sold between November and December. Apparently the holiday months get people in the mood to find a home. The highest sold price was $290,500. The lowest sold price was $235,007. Odd number on that last one. Perhaps a James Bond fan bought it. When you take the average of all seven sales, you get our new average market value for a Braemar townhouse of $266,215. While that is over a 2% decrease in average value since last report, it is over a 12.5% increase in average value since last year.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of just over one and a half months. You could also expect to give an avearage of 1% of the sales price in closing cost assistance to a buyer.
The next Braemar Townhouse Report will be out in March and will detail sales from the first two months of 2014. Until then, if you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value. I’ve been a Braemar home owner and full-time Bristow Real Estate Agent since 2005. In 2007 I added the distinction of being a Short Sale Agent to my resume. No matter what your equity I can help you get your Braemar home sold quickly and for the maximum amount of money. And remember, No One Knows Braemar Better!
And if you want to be a member of a neighborhood Facebook group that will always allow links to these reports, please join my new Braemar Facebook group. You can start any neighborhood conversation you like to there, be it promoting your own local business or just chatting about neighborhood events.
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
You can see the most recent property values in Braemar by clicking the links below:
Arista Series (large single family homes built by Brookfield Homes)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
NV Homes (single family homes built by NV Homes)
Ryan Homes (single family homes built by Ryan Homes)
Condo Quarterly (townhouse style condos)